By Ben Zeisloft
As inflation in the United States reaches record highs, investors are losing confidence in the dollar.
On Wednesday, the Bureau of Labor Statistics reported that in December consumer prices rose by 7% over the previous year — the highest rate in roughly 40 years. Likewise, “real average hourly earnings” — which consider the effect of inflation — decreased by 2.4% from December 2020 to December 2021, starkly cutting the purchasing power of American consumers.
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